Transfer the ownership for C-Corp after 1031 exchange

[Michael Zhang]

Can C-Corp transfer/sell the share/ownership after 1031 exchange?

[Dave Foster]

@Michael Zhang since the C corp is it's own taxpayer the 1031 exchange was reported on it's tax return.  The new property is an asset of the C corp still reported on it's tax return.  So it shouldn't matter what you do with the C corp.  Selling the C corp (or gifting it) sells all of the assets and liabilities of the C-corp as well.  the 1031 exchange that bought the asset is pretty much irrelevant once it is complete.